Timmins is a city in northeastern Ontario, Canada, located on the Mattagami River. The city is the fourth-largest city in the Northeastern Ontario region with a population of 41,145 at the 2021 Canadian census and an estimated population of 44,819 in 2023. The city's economy is based on natural resource extraction. It is supported by industries related to lumbering, and to the mining of gold, zinc, copper, nickel, and silver. Timmins serves as a regional service and distribution centre.
Barrick Gold Corporation is a mining company that produces gold and copper with 16 operating sites in 13 countries. It is headquartered in Toronto, Ontario, Canada. It has mining operations in Argentina, Canada, Chile, Côte d'Ivoire, Democratic Republic of the Congo, Dominican Republic, Mali, Papua New Guinea, Saudi Arabia, Tanzania, the United States and Zambia. In 2023, it produced 4.05 million ounces of gold at all-in sustaining costs of $1,335/ounce and 420 million pounds of copper at all-in sustaining costs of $3.21/pound. As of 31 December 2023, the company had 77 million ounces of proven and probable gold reserves.
Placer Dome Inc. was a large mining company specializing in gold and other precious metals, with corporate headquarters in Vancouver, British Columbia, Canada.
Newmont Corporation is an American gold mining company based in Greenwood Village, Colorado. It is the world's largest gold mining corporation. Incorporated in 1921, it owns gold mines in the United States, Canada, Mexico, the Dominican Republic, Australia, Ghana, Argentina, Peru, and Suriname. In addition to gold, Newmont mines copper, silver, zinc and lead.
Dome Petroleum Limited was a Canadian independent petroleum company that existed between 1950 and 1988. The company was founded as a subsidiary of Dome Mines and was built by Jack Gallagher, who remained with the company until 1983. In 1988 Dome Petroleum was purchased by Amoco.
The Hollinger Gold Mine was discovered on October 9, 1909, by Benny Hollinger, who found the gold-bearing quartz dike that later became known as Hollinger Mines. With his friend, professional prospector Alex Gillies, Hollinger had travelled to the Porcupine region in the wake of the Wilson expedition, which had recently discovered the future Dome Mine site. Hollinger and Gillies staked three claims each, and one for their former partner, Bernard "Barney" P. McEnaney, who had been unable to join them due to severe sciatica.
Dome Mine is situated in the City of Timmins, Ontario, Canada; and was developed during the Porcupine Gold Rush. Last operated by Canadian company Goldcorp, before it became a subsidiary of American company Newmont, it is one of three mines owned by Newmont in the Porcupine district in and around Timmins.
Jules Semon Bache was an American banker, art collector and philanthropist.
Noah Anthony Timmins was a Canadian mining financier and developer who is now counted among the founding fathers of Canada's mining industry.
The Porgera Gold Mine is a large gold and silver mining operation near Porgera, Enga province, Papua New Guinea (PNG). Located at the head of the Porgera Valley, The mine is situated in the rain forest covered highlands at an altitude of 2,200 to 2,700 m, in a region of high rainfall, landslides, and frequent earthquakes.
Mining in Papua New Guinea is an important part of the Papua New Guinea economy.
The Porcupine Gold Rush was a gold rush that took place in Northern Ontario starting in 1909 and developing fully by 1911. A combination of the hard rock of the Canadian Shield and the rapid capitalization of mining meant that smaller companies and single-man operations could not effectively mine the area, as opposed to earlier rushes where the gold could be extracted through placer mining techniques. Although a number of prospectors made their fortune, operations in the area are marked largely by the development of larger mining companies, and most people involved in the mining operations were their employees.
Cortez Gold Mine is a large gold mining and processing facility in Lander and Eureka County, Nevada, United States, located approximately 63 miles (100 km) southwest of Elko. It is owned as a joint venture between Barrick Gold Corporation (61.5%) and Newmont Corporation (38.5%), operated by Barrick, and comprises the Pipeline, Crossroads, and Cortez Hills open pit mines; and the Cortez Hills underground mine. Ore from the mines is treated at an oxide mill at the site and on leach pads, while refractory ore is shipped to Barrick’s Goldstrike operation for processing.
There are different methods by which gold mining companies are ranked. One is by their annual production. Another is by their cash cost per ounce, that is, how much money it costs them to mine the gold. Since gold prices are the same everywhere, companies with lower costs per ounce make more profit. The most common method lists by market capitalization which considers the total value of capital holdings by that company. Also considered when comparing companies is their market capitalization per ounce of gold equivalent which takes the market value and total reserves and resources for each company as well as the price of gold into consideration. The figures for each company can be used to determine the value the stock market gives to each company's reserves on an ounce to ounce basis.
The Abitibi gold belt is a region of Canada that extends from Wawa, Ontario to Val-d'Or, Quebec. Located within the mineral-rich Abitibi greenstone belt, the gold belt is an established gold mining district having produced over 100 mines, and 170 million ounces of gold since 1901. Timmins, a town founded in 1912 following the Porcupine Gold Rush and subsequent creation of the Hollinger Mines, McIntyre Mines and Dome Mine, which was one area in the region that experienced a gold rush, beginning in 1909. The Kerr Addison Mine in Virginiatown was at one time Canada's largest gold producing mine. Many of the towns readily acknowledge gold mining as part of their history, some being named after gold. One of Canada's 'large roadside attractions' is a 12-foot replica of a 1908 gold sovereign built to commemorate Canada's first gold coin which was made using gold from the Kerr Addison owned Kerr-Addison mine.
Acacia Mining is a gold mining business operating in Tanzania, with exploration properties in Kenya, Burkina Faso and Mali. It is listed on the London Stock Exchange and the Dar es Salaam Stock Exchange and is a constituent of the FTSE 250 Index until it was re-acquired by Barrick Gold in September 2019.
Henry Timmins was a Canadian shopkeeper who, with his younger brother, Noah, became an influential mining financier. The brothers are considered to be among the most significant founding fathers of the Canadian mining industry.
Alphonse-Arthur "Al" Paré was a Canadian mining engineer.
Kirkland Lake Gold Inc. was a Canadian gold mining company, based in Toronto, that owned and operated several gold mines in Canada and Australia.
The Detour Lake mine property contains the mineral rights to a large area, approximately 235 km2 (91 sq mi), in northeastern Ontario, near the Quebec border, approximately 185 km (115 mi) northeast of Cochrane, Ontario, or 260 km (160 mi) northeast of Timmins, Ontario. In 1979, rights-holder Amoco Canada Petroleum agreed with Dome Mines and Campbell Red Lake Mines Ltd. to explore and develop the mineral resources. In 2019, Detour Gold – the former operating company of the mine – was acquired by Kirkland Lake Gold.
